Oil Prices Reach $100 Per Barrel Following Red Sea Tanker Attacks

Why it matters locally: Rising oil prices due to global events could lead to increased fuel costs for consumers and businesses in Mississippi, potentially impacting transportation and goods prices across the state.

---

Oil prices reached $100 per barrel following an attack on two Saudi tankers in the Red Sea. Houthi rebels, identified as being backed by Iran, carried out the attack. In a separate development, President Trump announced a new set of tariffs. These new tariffs replace previous ones that had expired.